Tajuk : Lloyds’ finance director could become temporary CEO if Antonio Horta-Osório quits
link : Lloyds’ finance director could become temporary CEO if Antonio Horta-Osório quits
Lloyds’ finance director could become temporary CEO if Antonio Horta-Osório quits
LONDON — Lloyds Banking Group has drawn up contingency plans in case CEO Antonio Horta-Osório quits or takes another job, according to The Times.
The Times reported on Monday that finance director George Culmer would likely become temporary CEO if Horta-Osório left, citing shareholders and advisors.
The plans are significant because there is speculation that Horta-Osório may seek a new job after the government completes its sale of Lloyds shares. That could happen as soon as this week, the Times says, with just a 0.89% stake remaining.
Horta-Osório became CEO of Lloyds in 2011. He has helped turn around the bank’s performance, taking it from a £3.5 billion loss in the year he joined to a pre-tax profit of £4.2 billion last year. The completion of the government’s sell-off of Lloyds shares, which began in earnest in 2013, would cap a successful tenure at the bank. The Treasury announced last month that it has now recouped through share sales the £20.3 billion it used to bail out Lloyds in the financial crisis.
Horta-Osório is tipped to be a possible replacement for HSBC’s outgoing CEO Stuart Gulliver who leaves next year, according to the report by The Times.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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LONDON — Lloyds Banking Group has drawn up contingency plans in case CEO Antonio Horta-Osório quits or takes another job, according to The Times.
The Times reported on Monday that finance director George Culmer would likely become temporary CEO if Horta-Osório left, citing shareholders and advisors.
The plans are significant because there is speculation that Horta-Osório may seek a new job after the government completes its sale of Lloyds shares. That could happen as soon as this week, the Times says, with just a 0.89% stake remaining.
Horta-Osório became CEO of Lloyds in 2011. He has helped turn around the bank’s performance, taking it from a £3.5 billion loss in the year he joined to a pre-tax profit of £4.2 billion last year. The completion of the government’s sell-off of Lloyds shares, which began in earnest in 2013, would cap a successful tenure at the bank. The Treasury announced last month that it has now recouped through share sales the £20.3 billion it used to bail out Lloyds in the financial crisis.
Horta-Osório is tipped to be a possible replacement for HSBC’s outgoing CEO Stuart Gulliver who leaves next year, according to the report
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qREm3J
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Lloyds’ finance director could become temporary CEO if Antonio Horta-Osório quits
Kini anda membaca artikel Lloyds’ finance director could become temporary CEO if Antonio Horta-Osório quits dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/lloyds-finance-director-could-become.html
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